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spain and 1295 days dollars in dense senseper bottle. >> i don't know the menu. >> that does not matter for dinner. most people think they will have it right then and there but most people have their own wine ready. it is more as a gift. you put so much time into the wind you pick. >> it is always safe to break a sparkled wind. tracy: i am in charge of matching. piano in a war? >> it is the easiest. smoothes and the perfect read. >> my wife and i drink winn from argentina. every night white wine. tracy: started 1947? 1970 were on the map going from a really expensive bottle. >> i have the opportunity to taste the wine made clear year lincoln was shot. 1865. i decided it only had the opportunity once in my life. i nt for it. i held the world record platt -- price of $520. it would be around $50,000 a bottle today. tracy: that was a lot of money back then. >> 105 years old at the time. tracy: some of the most expensive models you cuddle that like good newborn child >> this is so expenve and precious. 1945. i did not know we had this. $9,100. just like real estate they do not make it any m
. companies around the world, spain, peril around the world. cars around the world. multinational companies that are doing stuff right in this environment. we think that is the formula, broad-based market and the people that are executing within that. ashley: aren't you concerned about continued volatility in that area? italian elections coming up in february, german elections not far behind that, has to be seen whether angela merkel can survive that. does that give you cause for concern? >> there is no question about that. every election that has happened in the last two or three years, the incumbent has been evicted from office. you can worry about angela merkel, our guess is she is doing other than the rest of them and will survive, there's plenty to worry about that is what makes overall the market depressed and therefore attractive. ashley: you like the auto sector and insurance, tell us a little bit about that. >> insurance kind of our chicken way of finance. we are not comfortable with the euro banks we think the insurance companies are in much better shape, they came off of catastro
-benz dealer. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a colex, gbal economy. it's just one reason over 75% of our mutuafunds beat their 10-year lipper average. t. ro price. invest with condence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> i'm adam shapiro is your fox business brave. stocks continue to drift between gains and losses. investors continue to focus their attention on washington and the fiscal cliff negotiations. right now the dow was up 34 points. the justice department antitrust division is a record amount of criminal fines this year handing out more than $1.1 billion in penalties. the doj confirmed the ddta provided exclusively to fox business. the jerseys can industry suffered the biggest drop thanks to superstar sandy. atlantic city's casino revenue slipped nearly 28%. each of the city's 12 casinos reported declines with for down for a month. we
for those worried about europe, spain, portugal, the u.s. and the fiscal cliff, what do you say? >> the easiest thing to do is to take advantage of fear. when people are fearful like the y2k example, it was obviously an easy process to make money from there on out. we will get through this. the fiscal cliff. liz: you have seen it all, good to see you. good luck. one of our favorites. dow jones industrials hold onto gains of 96 points. can we hold all the way? we have six more minutes to go before the closing buildings. so glad you are hanging out with us at fox business. and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all seem great at the time... but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of al. [ ma announcer ] break from the holiday stress. save on ground shipping at fedex office. he loves risk. t whher he's climbing everest, scuba divinghe great barrier reef with sharks, or jumping into the marke he goes with people he trusts, whicis why he trades with a company
: 101 employees, more rules. spain has reformed the stupid work rules that they no longer have to pay 42 months severance pay now it is just 24 months. that is still two years. >> if they turn out badly you will turn up and know them they show them two years. >> having 350,000 under severance pay but now just 200,000. why hire somebody to pay that much to fire them? >> a very good question to be sure that they want them. it is the decision not allot of employers are willing to make. john: i assume people cheat? >> lot of people cheat. they are expected and that is what keeps the inspector in business. it is easier and cheaper to bribe the inspector then goes to the motion to pay the taxes and declare an come and workers. john: singapore has a booming economy. no minimum-wage comment no laws against discrimination. if you fire, four weeks termination notice and unemployment is at 2%. >> you can srt of business, flexible, hire and fire and it makes it attractive. john: thank you anne jolis and thank god we don't have those dumb laws. we have plenty. weird getting more and people want more
so far. europe is moving things. not the united states. spain also by the way we didn't talk about this they officially asked for european funds to recapitalize their banking sectors. that's also a bit of good news. i want to talk about china because i got a lot of calls and questions about my comments last week on china. have you noticed we got good news on the manufacturing overnight on china. better than expected. november better than expected. the pmi numbers. guess the whole world went up. korea went up. everything went up except china. a lot of comments last week about what exactly is happening in china because china -- mainland china stock market is among of the worst performers for the whole year. we're down 11% in shanghai this year. hong kong is up 18%. how do you explain this? this was a huge debate in the last couple of weeks and of course a lot of people are@@ pointing to the fact that there's less stimulus than expected coming from the government. they haven't said anything but that's not the problem. this has been going on now for months and months on end. selling sh
than greece, more than spain. but conversely, china, if gdp is coming back, they are in what many consider to be a sweet spot. >> the numbers came out saturday for china. i think italy has been remarkably good. so this was a big game changer. italy had been a part of the good story of european recovery. now it's back. >> all to monti was never intended to be there for the long term. >> sure. >> in fact, he may be leaving a month earlier than originally planned. this should not be a surprise in the larger context. while we may mention berlusconi's name right now, he's not expected to win. >> look, we knew that monti was successful. >> it may be whoever follows him is going to roll some of the gains that he's had. so-called gains. >> that's going to cause ripples here. look, on saturday night, i said, we're going to have a nice opening. china's good, people know that monti is not really going to hurt italy. i think if china continues the momentum, but the number -- >> the ex sports were less than expected in the month of november. which is a concern. then there's this perverse glass
spain, portugal, italy and greece with the lowest scores in western europe. where is 0 is the highly corrupt and 100 he is very clean, green scored a 36. italy scored 42, portugal scored 63 and spain 65. by comparison denmark and finland tied with new zealand at the top of the list with scores of 90, while the u.s. scored 73. >> more than 280 people are dead after a typhoon hit the philippines. dozens of others are missing. rescuers are struggling to reach remote areas in the southern philippines after a powerful typhoon slab into mindanao. the typhoon ripped up trees and houses with winds reaching their 110 mi. per hour. triggering mudslides and flash floods. >> we are tracking a storm. look at the bay bridge where there is heavy rain pouring down. >> the bay bridge and most of san francisco. looking at what is to come. this is not a tough ride just yet. storm tracker 4 will show you when the heaviest rain will come to your neighborhood. >> as we take a look heavy rain is on the way for oakland at 5:42 a.m.. piedmont will have heavy rain around 5:46 a.m. and 5:46 a.m. for alamo. it
with angela merkel insistence on an austerity for greece, spain, italy? >> austerity? yes. there is no way you can do without problem with those various sponsors and sustainably go with the quid pro quo. but to do that to maintain austerity to be bailed out. over the indefinite period. this is where the rubber hits the road. where you need very disciplined policies and willingness to lend on the part of the creditors. they don't trust the borrowers who do not trust but they do for a few months. [inaudible] then a few months later so a little more discipline and a little more money. they said the vote provide the my a plan. but behind all of this side believe there is the enormous sense of commitment probably just in the part of the republic. i almost cannot imagine. and what would happen under this situation in? but with the conviction we've tried hour best but traditionally you cannot kick them while they are down. and a stand but the problem with the european union fed is monetary union's as opposed to the fiscal union. they benefited from the low interest-rate and that meant they allow the
. over 800 still missing. in spain, more than 5,000 medical workers taking to the streets protesting budget cuts and to partly privatize the country's health service. >> gregg: as the tragic shooting in newtown, connecticut inspires soul searching nationwide, everything from school safety to mental illness to the family itself, there is growing debate over just how lawmakers are reacting. what kind of dialogue this horrifying crime might inspire in our nation's capital. steve centanni has more on that. >> reporter: shock and sadness in washington, that for sure in the wake of that tragedy in newtown and at the same time some ideas are being floated aimed at preventing the same kind of thing from happening again. out going senator joe lieberman and independent from connecticut has this recommendation. >> i think we need a national commission on mass violence, not to be in place 6 anything else the president or congress or state governments might want to do but to make sure that the heartbreak and the anger that we feel now is not dissipated over time or lost in legislative gridlock. >
spain is $9. i drink a lot of that. >> this sounds like a law firm in barcelona. some of the most amazing sparkling wines and values come from spain and it's only $9. it's made like a champagne but doesn't cost lime one. >> how much is that? >> it's $12. it's absolutely a party in a bottle. >> if you go to italy, whether you're in rome or venice, you'll see literally everybody on new year's eve walking around with it. this is a very good one. >> and then a sparkling wine from australia. >> it's unusual. >> yeah. i've never heard of that. >> people think of australia gives us chardonnay and others. this is jacob's creek. ice made exactly like a champagne, chardonnay and pi pino noir, two of the grapes that go in champagne. but it's really remarkable. >> this is champagne? >> it's right next door to champagne. in france when they make wine in a sparkling wine type style, you can get this from burgundy. this one is made from pinot noir and chardonnay. it's aged like a champagne but doesn't cost like a champagne. this is only $17 an hour. this is my personal favorite. this is very fam
as you have a drag on the economy. you have negative growth, a recession in spain and italy this year. you also have negative growth in greece. there's only so much you can have of negative growth across the continent of europe before impact spending patterns across the world. there are positives out there but we have to be focused on the fact that these problems are not going to go away. one of every four people in spain are unemployed and under the age of 25. fifty-six% to not have a job. that is a major rest of the for disaster and the math does not work. if you try to fix a problem with negative growth and nobody working. dennis: a lesson here. one last note on the fed. what is your concern there? >> pretty simple. the fed has raised the credit market. yield and price are not real. they are buying up trillions of dollars of these bonds and i'm worried about the day when the market no longer listens to them. the market has not been bigger than the fed over the last few years. of the market gets bigger than the fed, look out. yields should be much higher than where they are and if w
fix the over spending that is going to turn us into greece and spain. you talk about it all the time, it is so important we do that. even if we don't get rean elected it is so important -- reelected it is so important we do that we need all the leverage we got. >> sean: we are on our way to 20 trillion in debt. this is beyond fiscal cliff, this is a fiscal dive into i don't want to think where it can take us. >> some would say, if the dollar were not the international currency, we would have already been greece. >> sean: i brought up some ideas at the tkpweuplg of the program. i said okay, why don't we go for 200 billion in discretionary cuts to start, yes to entitlement reform, you agree? yes to serious tax reform? >> do i ever. when the president says fair share the perfect answer, flat tax. he has not made one pro bowsal that will have warren buffett paying the same as his secretary. it is called capital gains 15%. income tax is 15%. you make more, you pay more. you make less, you pay less. everybody pays their fair share. >> sean: same with value added tax after eliminating the f
from spain. driving along. you see this. and wind starts to blow. oh, my gosh. >> wow. >> that's the type of the wind you're going to see in the northwest. >> that driver behind him is lucky. >> very lucky. >>> my "fixation" is my favorite this morning, because it comes from our dear friend robin roberts. she as jack russell terrier who she sent away temporarily while she's recovering from her transplant. the great friends another great dane. rory. well, she tweeted this picture yesterday because rory has made a new friend. they rescued another great dane. jojo and there you see kj in the middle. >> it doesn't even look real. >> all right, sticking with the animal theme, we have been teasing this all morning, this is an amazing cat, people are referring to it as a d.j. cat playing some bob marley here. scratching. moving on. keep it going. ke keep it going. it's actually a 6-month-old cat in ireland. >> that didn't work out well. >> i'm sensing that d.j. friday for that cat at "good morning america." >> are you sure about that? >> the viewers know, no cat was harmed in the maki
to spain. the scotts believe that breaking away now would rid them of london's us a tausterity plans. they are careful to calculate the costs and benefits. last year scotts were polled on how they view independence. if independence made them worse off the results flipped. 500 pounds the only about 800 u.s. dollars. adam smith, a scott, if we apply that logic in america states could point out they subsidize states like alabama, mississippi and montana. states that are the most fervent advocate of states rights and small government. we'll take you to one of africa's most trouble ed nation next. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budget? as you probably know, medicare only covers about 80% of your part b medi
settlement construction. now, european nations including britain, spain, france, sweden, denmark, have all "summoned israeli ambassadors" to their capital cities in protest. officials say it is unlikely they will go through the more formal process of recalling their diplomats. david lee is live in jerusalem. how is israel's responding to this, david lee? >>reporter: a short time ago we talked to a source in the prime minister's office. he said and i quote, "the decision stands." what we talking about, and it is important we be clear, the 3,000 or so housing units you mention that would be in jerusalem as well as the west bank. israel, at the same time, made another decision saying in the planning stages, are another settlement expansion, this one in an area that the israelis identify as e1, 4 1/2 square miles outside of jerusalem and it is much more of a problem because the palestinians say if there is no construction in the area outside of jerusalem, they will not be able to have contiguous land and cannot have a palestinian state, and what they will be stuck with is, essentially, a crazy
and that is a game leapfrog. we end up with more debt and a weaker economy. the road map is greece, italy, spain, all over europe but the president thinks you can tax-and-spend your way to prosperity. >>neil: what the administration throws back on the issue is take a look at italy and greece, austerity has worked. you say what? >>guest: they have a strange definition. alwaysst either to them means higher taxes in europe and the united states austerity means less spending. i am in favor of the right definition of austerity. the balkan countries got out of the mess and now they are doing well economically because they cut, not just cut spending in the washington sense of increasing it at a slower rate they spent less one year after the other and now they are out of the trouble. if you understand the right definition of austerity is the way to go, the problem is in most of europe it means higher taxes, obama wants to give us the bad part of europe, without the good part. >>neil: thank you very much. they are not cutting anything. just slowing the growth. rebound and former president bill clinton hitting
and spanish fleet at trafalgar off the coast of spain. that triumph was marred by nelson's death from a sniper's bullet. the nation both celebrated his victory and mourned his death for years. nelson's column, built in trafalgar square, commemorated his sacrifice in stone and bronze. turner painted a highly original re-creation of the decisive moment that claimed lord nelson's life, setting it amid the crushing congestion of towering masts, torn sails and the fog of cannon fire at precariously close quarters. the reviews were good. (reader) "mr. turner... has detailed the death of his hero, while he has suggested the whole of a great naval victory, which we believe has never before been successfully accomplished, if it has been before attempted, in a single picture." (narrator) the napoleonic war ended in 1815 at waterloo. the duke of wellington had called the battle "a damn close run-thing." the fragility of civilization intrigued turner throughout his career. the decline of the carthaginian empire depicts the crushing penalty rome inflicted on the carthaginians. the architecture is elegant b
production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens.
together? we look at spain and portugal and ireland even, get your act together. you know the problem. shake out of it. what's the world thinking when they look at us? setting up the fiscal cliff, a man-made challenge, what do they think of us? >> actually, they look at us and think we're going to work it out. >> to put it differently, they can't believe we will screw up. >> they're kind of thinking about the debt ceiling debate. they're not following this like we are. and they remember the last time we were in a situation. >> last time we got downgraded. >> it didn't seem to have much economic impact. people are just looking at us figure, oh, you know those crazy americans, they'll work it out at the last minute. >> what will they say if they get up january 2nd or 3rd after the new year and see we didn't work it out. >> it's my hope, towards later december, we'll actually have -- i want to convince people on the right, i think it's the president's job to convince the slower learners on the republican side that this is serious business. and we have a deal now, as if you know what's go
an act tack spain. >> for every day, there could be another london bombing or another marriott. a myriad of events could happen so that's the pressure you're under as well. >> rose: but not to contradict that point we also know events took place and continue to take place after osama bin laden was killed because al-qaeda spawned kind of different organizions, in asia. >> yes. >> rose: what was the most difficult thing for you as a filmmaker to take this brilliant screen play, screen writing and turn it into an adventure story? >> trying to be faithful to the research, be faithful to the characters, be faithful, really give the audience a look at what it might be like to work in the intelligence community on a hunt this important. what would that be like. i didn't have a clue before he began reporting this. >> can i let you in on a secret please. it's easy for her. >> rose: it's easy for her because she's good. >> it's not her first radio. >>> yes, exactly. >> i mean, you can't say that but i can say it for you. >> if you cast it right you have great material in front of you, it's a gr
spain, france, asia minor, north africa and egypt. transportation expert ross hassig. it was closer is terms of the cost of transportation to get to egypt than it was to get a hundred miles inland in italy. you couldn't bring food from a hundred miles inland to rome, because even with carts, even with oxen, it simply cost too much. so rome was able to tap into the production of other areas because it was able to use ships where the cost of transportation was extremely low. keach: but roman seagoing merchant ships carrying upwards of a thousand tons were too large to navigate the tiber river, so cargos were unloaded onto smaller vessels downriver at the port city of ostia. ostia was once a bustling commercial city, with shops and restaurants... villas and apartment houses for merchants and shippers... theaters, parks and enormous warehouses crammed with every possible commodity. archaeologist amanda claridge. it's clear that the merchants, the many, many thousands of people involved in the supply of the city of rome who did base themselves in ostia -- all the transient ships' captain
restaurant called tinto which is by iron chef jose garces. it serves cuisine from the north part of spain and there is a tequila bar. lots to do in palm springs. take the tramway up the mountains where it's cooler. great for trekking. go to joshua tree national park or on architecture tours. >> for more travel tips and ideas visit jetsetter.com. tonight they will be awarding colleges heisman trophy and it could be life-changing for one player. could be historic for the trophy itself. [ ross ] the streets of monaco, home of the legendary grand prix circuit. the perfect place to bring the all-new cadillac ats to test the 2.0-liter turbo engine. [ engine revs ] ♪ [ derek ] 272 horsepower. the lightest in its class. the cadillac ats outmatches the bmw 3 series. i cannot believe i have ended the day not scraping some red paint off on these barriers. ♪ [ male announcer ] the all-new cadillac ats. ♪ you make me happy [ female announcer ] choose the same brand your mom trusted for you. children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms de
zone, including spain, germany, france. yet, the united states of america is able to borrow at the lowest rate in pretty much its whole recorded history. so you have a very, very diverse landscape at the moment, but certainly one that could be significantly improved, or worsened by the situation that we have concerning the fiscal cliff, the fiscal deficit and the debt of the country, which are three topics that can be addressed now on the comprehensive and efficient fashion. >> in the fiscal cliff negotiation. so what should this mean? because i think i could interpret any given number to say, oh, that means we shouldn't touch taxes for the upper brackets because the economy still needs as much money as it can have in it. or i could argue, oh, this means that we need more stimulus to keep the jobs going, or i could look at the debt and say, oh, this means we need to cut spending. so what does it mean? so what would you, and what globally, what would mean the most for the u.s. to do in terms of the global economy? >> you know, what you said, you would qualify as an economist.
riding a horse through a village in spain in honor of the patron saint of animals. this figure here -- this one absolutely striking, stunning photo, gabby giffords hugging the house cloak room attendant when gabby was resigning officially from senate. this is a tibetan monk who was in exile setting himself on fire in protest. let's just show you one more here, here's a rescue worker carrying a child in china after some earthquakes that had occurred back to back right there. now these are just some of what you can see on cnn.com as we look back at 2012. another spread we have got for you right here, and these are some of the best sports photos of the year, and i won't give you the stories behind them, because i'm going to consider this a tease to push you to the web. a chance to vote on the most intriguing person of the year. we have got some interesting choices up here. some of the kind of obvious people, like chris christie, you can pick any face, you can drag it over, say which ones you think are most intriguing. you've also got gabby douglas, david petraeus and we'll be announcin
. and what happened in benghazi, you know, it was called the ton spain yus mob. what was it, didn't want it call it terror, insane. >> it is insane. any advice from our audience how do we deal with intolerance from the left. >> well, you know, there's a book out there. (laughter) >> and it's going to be on tour next week, oklahoma and louisiana. and fake outrage is usually done by someone, ignore them, they're not worth your time. if they don't go away, mock them and use them against them. if someone calls you a bigot, you know, you're projecting your ownism is why you're calling me a bigot. and that will make their head explode and then you can laugh and dance around them. >> the book is called "the joy of hate" and the studio audience is going to be happy, a copy of greg gut held's book. >> wait a minute, they have to pay for it. >> no. and gabby douglas, a business manner trying to create jobs and prime minister's trying the dream into a nightmare. i'd like to hear from you, go to my website, and the lead fooeb section and sign up for my textbook page and follow me on twitter. you ca
of disability in europe pretty high. >> if you have 101 plies even more rules. >> let's go to spain. reform they no longer have to pay 22 months but that's still too years. ever ray employee you hire if it durn turns out badly. >> in the past someone making 100,000 a year used to 350,000 in severance pay. under the new rules 2 thoub dollars. why hire someone if it takes that much to hire them. spainish unemployment rates about half of their workers are unemployment. you could have these up. the rules all over the place. >> lots of people cheat. a lot of countries are expected to cheat. cheating is what keeps the investors in public. it is easier and cheaper to prescribe the pictures we claire all of your -- no minimum wage no laws against discrimination. you get fired 4 weeks unemployment number. >> the will have seems to be flexible enough to fire if you need to and that makes a attractive. we don't have all of those bum laws in america and we have plenty and we are getting more. most want more rules like guaranteed vacation. >> we all need a vacation and working every day. >> absz slutly.
reliefchallenge.com today for a special trial offer. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. sick considering the significant consequences of falling often the fiscal cliff, you'd think the president would have an interest in finding a solution to the crisis, however it's becoming increasingly obvious that something is standing in the way. what could it be? what is it that's preventing the president from negotiating or offering up meaningful concessions? it may be obama's arrogance. watch this. >> when you talk about the feeling at the white house, there's a palpable difference now compared to 2011, the summer of 2011. they are so much cockier at the white house a year and a half ago. you
, the people who are really going to be hurt are the poor. 25% unemployment in greece and spain. imagine what the minority unemployment would be if we had a 25% unemployment rate on average in the united states. we see pensions being cut without any notice hardly at all. social programs slashed. there is at least some probability that will happen to us. i will say it is a certainty eventually if we do not do something about the situation. i would think they would be much more sober in their demand. at this moment, i do not see it. >> i would say a lot of this is, if we are talking inside the beltway, that is a different conversation. part of the disservice is the debate is having today is it is steering away from what the real issues are, the most depressing issue, i am more optimistic. it is steering the conversation away from that. it is not helping ordinary americans understand what the threat is over a somewhat longer term. i do not think we have 25 years anymore. maybe it is two or five. we get closer and closer every year that we build up our debt and every year that we postpone tacklin
never happen. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. to the number 1 club in the world. the potential of manchester united unlocked. nyse euronext. unlocking the world's potential. introducing chase liquid. card hassles? the reloadable card that's easy to activate and can be used right away. plus, you can load cash or checks at any chase depositfriendly atm and checks right from your smartphone. get rid of prepaid problems. get chase liquid. >> greta: president obama refusing to budge. if that happen, will america's top earners leave the country? sounds extreme? that's what's happening in france. the socialist government imposing a 75% tax on numbers higher than 1 million e
in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your
seems to be fixed. it's fixed. even though they're in a bit of a recession, a lost generation in spain, are they really fixed? we'll ask mark grant the tough questions bottom of the hour. , we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> facebook experiencing its fourth lockup today. today 160 million shares hitting the market. our next guest is an author of the book "the facebook era" clara shih the president of a company that has enterprises with large store networks on facebook linked in and other social networks. welcome back and good to see you again. >> good to see you. thanks for having me. >> i wonder what your take is short term on the lockup expiration. we've had it both ways this year. where
we go, ah. but it is amazing. nothing we can do. >> we're afraid spain is going to come -- spain was supposed to come to market. italy, oh, my, what happens when italy -- it turns out you had to take it down. i know that john corzine, very controversial figure. that's a code word. but what a trade they almost had. in the news again today. >> almost. >> horseshoes, hand grenades. >> we should point out, gm was certainly not having the easiest of times of it. this morning's stock is up sharply, we're telling you why. the company will buy back at a premium to at least what was the market price as of yesterday, 200 million shares from the government at $27.50. that having the effect of sending the stock above that. why not, if you're gm, you've got all this cash sitting on your balance sheet. you're earning virtually nothing on it, why not take the opportunity, even at a premium, to buy it back by as much as 11%, shrinking the cap by that much. we heard from tim massad who runs t.a.r.p., they'll be dribbling out the shares over time. the next 12 to 15 months. similar to the strategy
are investigating. spain, police arrested 35 people near madrid and seized more than 12 tons of a product of can any-cannabis. supplying the european market. belgium, chocolateers, guiness world record certifying the creation. the candy makers saying it took more than 780 hours and 2700 pounds of chocolate to make. um-huh and that's a rap on this fox trip around the world in 80 seconds. >> harris: santa, please remember to pay your taxes. that's what tax officials are telling street entertainers in cash strapped ukraine. the government there facing $9 billion in debt repayments next year. so, people who dress up as santa claus can reportedly make up to 440 bucks an hour performing in the capitol the state tax service has reminded those holiday entertainers to file forms and pay their taxes. cannot tax checks on small businesses urging ukrainian citizens to report any tax dodging santas. would you want to be the one to turn in santa? it may have been the year of the dragon in china. 2012 was filled with all source of critters and their wild moments caught on camera. next, a look back at a big year in
. the crisis in europe is going to get dramatically worse in portugal, spain, italy. there is dysfunction in the european union. that's one place to look. that's going to encourage russia to make moves of its own, you mentioned south africa. south africa is not going in a good direction, it's supposed to be the most optimistic spot on the african continent. so i don't see many bright spots, maybe new zealand, but some say that even new seeland-- >> still ahead, counting to obamacare. big changes could be coming in 2013 for you and your family. thanks to the president's health care overhaul. we'll tell you what to expect when we come back. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! >> well, get ready, america, for the arrival of obamacare, some key provisions of the president's mammoth overhaul kick in come january and joe is here to tell you what to expect. or as we call the bill, j
will be there in march. i hear it's fantastic. they eentrecently redid their s made over in spain which is one of the nominees to the new 7 wonders of the world. look forward to going. they are supposed to have luxurious treatments. supposed to be awesome boca is a great place to go and chill out for a while. >> and warm after the holidays. >> if you want a cozy cold get away. >> i like to stay in the northeast. i am going to montrembl trem plant. it's 25 minutes from montreal. you can take your snowmobile straight to your hotel. supposed to have world class skiing and other types of winter activities. if you don't like skiing you can sit in the hot tub and have hot chocolate. >> curl up with a blanket. if you want to pull out your passport what do you recommend? >> i am a huge fan of duck america. they hosted a cowl nature retown which is one of the best places to eat. they have the best meat in the world trust me on that one. wine in world class vineyards and tours by ducasso travel. they will take you and show you the ins and outs. >> if you want adventure, you want spice in your life where
dramatically worse. in portugal, spain, italy, there is deepening political dysfunction in the european union. thases one place to look -- that's one place to look. it will encourage russia to make moves of its own. you mentioned south africa. south africa is not going in a good direction. it was supposed to be the most optimistic spot on the african continent. i don't see many bright spots. maybe new zealand, but even the new zealand economy is heading south. >>> still ahead, counting down to obamacare. big changes could be coming in 2013 for you and your family thanks to the y president's health care overhaul. we'll tell you what to expect when we come back. >>> well, get ready, america, for the arrival of obamacare. key provisions of the mammoth health care overhaulro kick in. the editorial board member is here to tell you what to expect. or as we call the bill, joe, the lifetime employment act. so what can we expect this year? >> well, look, the bill ramps up starting in october 2013. so you are going to have three big changes. it is pouring out of the obama administration and regulation
. in portugal, spain, italy, there isening political dysfunction. that is going to encourage russia to make moves of its own. you mention south africa, south africa is not going in 'n a good direction. it was supposed to be the most optimistic spot. maybe new zealand but somebody told me they are heading south. >> paul: coming down to obamacare. big changes may be coming for 2013 for you and your family thanks to the president's healthcare overhaul. we'll tell you what to expect when we come back. ly? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi pri
on the debt ceiling right this menu. when you look at how much we are spending we are similar to spain and greece. it is not a pretty scenario. >> tell me this what happens when we judge up against it? >> everybody starts wondering when we are going to raise the debt ceiling. there's a debate because they don't like to. then you have all of wall street looking at this wondering if we will be able to pay our bills. you remember what happened last time around the market sold off 2,000 points over the 2 month period. it was dramatic and hurt people's 401 k's. if you can't pay your bills you get a downgrade. >> again. >> it's not going to be good news. you know what happens you can't borrow as much money. >> that's what happens to me. >> it costs you more to borrow. all of us coming together it will be -- it could be we would be watching none of this would come to a surprise fell off the market every single day. they know what's happening. they know what's going on. it's not a surprise but nobody likes to see it. >> when they raise the debt ceiling is that to pay off debt already accrued.
at the beauty pageant. they tonight want to put their money in greece, spain or portugal, so they're putting it here. our interest rates are so low. that's not going to last forever. be you go back up to a long-term average of 6-8%, we add a trillion dollars in debt service and cost interests over ten years. the interest alone will swallow up half of our federal expenditures. we'll be paying china for their military. we can't allow this to happen. and i think that's one of the reasons why we're so proud to do this book, is we really are putting policies in place and gentlemen, regardless of who's president in january 2013, they're going to face the exact same problems we have today. somebody has to tackle it, and part of what this action-oriented institute is doing, this book is doing is putting those ideas out there so we can start having a discussion about, one, the importance is real, we're here today, and here's how you get reform in place with pro-growth policies. we've talked about the idea of greece and their debt crisis, economic studies have looked back over history about when do co
mellon wealth management >>> the russians don't want anybody in spain but the spanish. is that scary? they're communists, yes, but they want total disarmament? no. is that scary? hitler and mussolini are using the spanish earth for testing ground for what they want -- another world war. is that scary? you're darn right it is. >> barbara streisand in "the way we were." that's my synchle favorite movie. i told robert redford when he came in. he said he was resisting your call for a sequel ever since. >> it's such a good story, the sequel. i'm still after him. >> he's never made a sequel to anything. he doesn't believe in sequels. >> i understand that. this happens to be a great story. i wanted it to be released on the 25th anniversary. >> what would have happened? >> it was just a very interesting story through their daughter and her political activism at berkeley in 1968 and the democratic national convention which is very interesting. it was a beautiful love story again. >> we spent most of the last month e-mailing each other about barack obama and mitt romney. you were tearing me of
, if spain had joined the axis powers, it would have been defeated and would not have been a fascist country until a 70s. franco made a smart decision. the minute he did it would have been better if he made the opposite decision and maybe he was smart enough to know that. >> thank you. >> humble before the man. >> 9 a myth christine and it is an honor to hear you speak. i have a son, douglas, who finally turned off the tv and in the 3 players and picked up your book a number of years ago. it truly hooked him on reading. on his behalf and mine as a parent, i am curious to see what was the genesis of going from thrillers to historical fiction and including -- i am happy that you have a strong woman in each of your historical fiction. [applause] >> i was interested -- i used to look at cathedrals because of how beautiful they are and how serena in atmosphere a cathedral is but i very quickly became interested in how they were built. when you look at one of those european cathedrals you do think, how did medieval people get those enormous thoughts? not that i. know mathematics for constructing c
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